Compute for the net income partnership, Accounting Basics

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Compute for the net income partnership

Maria is a partner in X partnership.She has a 30% share in profits and losses.maria's capital balance decreased by 1200000during 2011. During 2011maria made a direct withdrawal from her capital account amounting to 2600000and invested cash of 500000. Compute for the net income the partnership for 2011.

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Accounting Basics: Compute for the net income partnership

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Accounting Basics: Compute for the net income partnership

Reference No:- TGS064802

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Economy output of goods and services

Q : Accounting principles related problem

Q : How much should it report as a foreign exchange loss

Q : Determining the historical market shares

Q : Compute for the net income partnership

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute for the net income partnership

Reference No:- TGS064802

Recent Questions Asked Accounting Basics

Q : Economy output of goods and services

Q : Accounting principles related problem

Q : How much should it report as a foreign exchange loss

Q : Determining the historical market shares

Q : Compute for the net income partnership

Q : Three phrase structure trees that these rules characterize

Q : What amount should houghton include as a foreign exchange

Q : Explain economic theory for a catering service

Q : Upward-sloping supply curves

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